A summary of Van Tharp's Trade Your Way to Financial Freedom: expectancy, R-multiples, the coin-flip entry test, and why position sizing decides results.
Trading Foundations
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- Trading or investing: which to start withSmall capital? Learn to trade first and add long-term investing at about SGD 100,000. The compounding maths, the…
- How to start tradingTo start trading as a beginner, learn to do one thing well: capture a price move. This simple…
- How much capital you needNo account minimum decides it now. Find a starting amount you can afford to lose but would still…
- Method, money and mindsetThe 3 Ms of trading are method, money and mindset. Why mindset gets about 60% of the work,…
- How to read a price chartHow to read a price chart in plain words: what each candlestick shows, how the timeframe changes the…
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Thinking of trading full time? Why your salary may be your best trading tool, what the research on trading for a living found, and the rent test to run first.
A summary of Mark Douglas's The Disciplined Trader: the passive-loser trap, his two rules for losses, and the seven steps to trading without fear.
A summary of Steve Nison's Japanese Candlestick Charting Techniques: how to read a candle, the key patterns, and the confluence rule that makes them work.
A summary of Bob Volman's Understanding Price Action: the buildup test, seven principles, five setups, the 1:2 bracket and the trades he skips.